In January-November 2018 the share of metal and wares in the overall import structure grew to 7.2% from 7.9% last year. In particular, in imports from far foreign countries their share increased to 5.9% from 5.7%, and from CIS countries – to 17.6% from 16.8%. According to the Federal Customs Service, in money terms imports…Details
Metinvest has gathered all the 100% of Central Mining and Processing Works shares. As of December 31, 2018 Metinvest B. V. share in the statutory capital of CGOK grew from 49.751% to 50%, and taking into account the share of Metinvest Management B. V. (50%), the group consolidated 100%. Metinvest B. V. purchased shares on…Details
Russia: MMK funds arrive in accounts of victims affected by building housing collapse in Magnitogorsk
On January 4-11, nearly 65 million rubles of MMK funds were transferred to the personal bank accounts of victims and relatives of those victims affected by the residential building collapse in Magnitogorsk. The charity fund Metallurg, which distributes MMK’s targeted assistance funds, reported that as of January 11, 162 people who had been affected in…Details
The gold, silver and palladium prices for increased in Azerbaijan. The price of gold grew by 1.0455 manats, to 2,195.0315 manats per ounce on January 15 compared to the price on January 14. The price of silver went up by 0.192 manats, to 26.6463 manats per ounce. The price of platinum dropped by 6.5535 manats,…Details
Mariupol metal works products are transported via railroad to the ports of Olvia, Nikolayev and Yuzhniy in Odessa and Nikolayev regions. Previously all Metinvest metal was shipped through the Mariupol Sea Trade Port. “Because of the Azov Sea blockade, the weather conditions and the geopolitical situation, a lot of metal is shipped via ports of…Details
The Federal Antimonopoly Service of Russia has allowed Polyus Krasnoyarsk purchasing 9.8% of the SL Zoloto LLC. As a result of the deal Polyus via its daughter company Polyus Krasnoyarsk will become the owner of 68.2% of SL Zoloto. SL Zoloto is the joint venture between Polyus and Rostec created to develop the Sukhoi Log…Details
Last year enterprises extracting gold in Amur region obtained 22.7 tons, down by 12% YoY. Ore gold accounted for 14.1 tons and alluvial gold – for 8.7 tons. The decrease in the output has to do with the drop in the manufacture at Petropavlovsk enterprises and at the Berezitoviy mine (Nordgold). Thus, last year Petropavlovsk…Details
NLMK reports the appointment of Stanislav Olkov the CEO of VIZ-Stal. He has replaced Valeriy Shevelev in this office. Shevelev will focus on a new strategy stage of NLMK Group. The goal of Olkov is to improve product quality and business process efficiency. Stanislav Olkov has been working with VIZ-Stal since 2007. Since 2013 he…Details
In January-November 2018 Russia exported 2.3 million tons of steel pipes valued at $2.46 billion, up by 23% and by 38.4% YoY respectively. According to the customs statistics, Finland remains the leading importer, having purchased 19.7% of all pipes. Still exports to Finland fell by 23.5% YoY. Kazakhstan holds the share of 17.5%, up by…Details
OJSC Magnitogorsk Metalware and Calibration Plant MMK Metiz has successfully passed the certification audit for compliance with the requirements of the new international standard in the railway industry ISO/TS 22163:2017. The company is one of the first Russian metalware companies to be certified in line with this standard. Over the course of a week, specialists…Details
In December 2018 Dneprospetsstal produced 18,165 tons of steel, down by 3.1% MoM. Rolled metal output dropped by 3.5%, to 11,888 tons. The total cost of products manufactured in December 2018 was 768,510 thousand UAH, up by 0.7% MoM. In 2018 the company produced 247,028 tons of steel and 162,638 tons of rolled metal, all…Details
In 2018 the total amount of tax and duties payments of PJSC ArcelorMittal Kriviy Rih increased by UAH 1.1 billion YoY and amounted to UAH 8.8 billion, up by 14.2% (UAH 7.7 billion). The company is still the largest taxpayer in the industry. Out of the total amount of taxes and duties – UAH 8.8…Details
Sinarsky Pipe Works has mastered the technique to produce casing pipes with the diameter of 177.8 mm and the wall thickness of 9.2 mm, strength group E and Buttress joints. Such pipes are used to construct oil and gas shafts. Previously SinTZ did not produce casing pipes with such a diameter. Last year the company…Details
The prices of precious metals decreased in Azerbaijan. The price of gold dropped by 4.1225 manats, to 2,193.986 manats per ounce on January 14 compared to the price on January 11. The price of silver fell by 0.213 manats, to 26.4543 manats per ounce. The price of platinum went down by 23.749 manats, to 1,374.671…Details
On January 10 ArcelorMittal Temirtau produced the 200-millionth ton of pig iron.
The blast furnace No. 1 was put into operation on July 3, 1960.
At present the plant operates 3 blast furnaces employing 370 people in the shop. (Ukrainian metal)
Yekaterinburg Non-Ferrous Metals Processing Works is actively studying the African market in order to develop cooperation with local mining and processing companies. In December 2018, a company delegation visited Algeria. During the visit the company delegation met representatives of a refining plant, a mining company, National geological survey bureau, and mineral fertilizers manufacturer. “African countries…Details
Sinarsky Pipe Works has commissioned new machinery to produce couplings of various sizes for high-strength pipes with Premium joints.
The VSC-400 SM coupling sleeve making machine (EMAG) has been assembled in the oil segment pipes shop.
This is the 8th machine. The previous 7 were commissioned in 2000-2015. (Ukrainian metal)
Chelyabinsk Iron and Steel Works will supply rolled metal for the construction of a railroad station on the Far East. Over 3 thousand tons of rebars will be used in construction in the Republic of Sakha (Yakutia). ChMK won the tender to supply rebars in December 2018. 2 thousand tons of rebars have already been…Details
ArcelorMittal Temirtau intends to have reached the target capacity by late January – early February. The company is still recovering from the major accident in November 2018. In particular, it is stabilizing the operation of the coke batteries. “As the full recovery of the manufacturing processes cannot be achieved in an instant, we commission them…Details
Gold production on Russia’s Chukotka peninsula decreased by 4.81% YoY, to 24.130 tons in 2018, an official at the regional industry policy, construction, and housing and utilities department reported on January 14. Placer gold output grew by 11%, to 2.583 tons. Output of Chukotka Mining and Geological Company, a unit of Kinross Gold, rose by…Details
The price of one ounce of gold increased by 6.902 manats or by 0.31% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,190.6217 manats. The price of one ounce of silver decreased by 0.1681 manats or by 0.63%, to 26.6537 manats. The price of one ounce of platinum…Details
The first resident of the Nizhnekamsk advanced development territory – Kamastal – has started operating. “On December 31, 2018 Kamastal produced its first painted sheet of coil steel”, the local authorities reported. The company became the resident in May last year. Investments in the project are estimated at 428 million rubles. And the capacity is…Details
Gold production in Russia’s Khabarovsk region increased by 6% YoY, to 24.5 tons in 2018, the region’s government press service said. “The Khabarovsk region has set a new gold production record. Miners have already reported about 24.5 tons of the precious metal in 2018. This is not the final figure but it exceeds the previous…Details